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Iris Energy (Iris Energy) Pretax Margin % : 22.45% (As of Mar. 2024)


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What is Iris Energy Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Iris Energy's Pre-Tax Income for the three months ended in Mar. 2024 was $12.1 Mil. Iris Energy's Revenue for the three months ended in Mar. 2024 was $54.0 Mil. Therefore, Iris Energy's pretax margin for the quarter that ended in Mar. 2024 was 22.45%.

The historical rank and industry rank for Iris Energy's Pretax Margin % or its related term are showing as below:

IREN' s Pretax Margin % Range Over the Past 10 Years
Min: -748.94   Med: -465.43   Max: -0.82
Current: -0.82


IREN's Pretax Margin % is ranked worse than
76.88% of 770 companies
in the Capital Markets industry
Industry Median: 19.295 vs IREN: -0.82

Iris Energy Pretax Margin % Historical Data

The historical data trend for Iris Energy's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Iris Energy Pretax Margin % Chart

Iris Energy Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Pretax Margin %
-98.53 -748.94 -706.41 -224.45

Iris Energy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,049.55 -24.12 -20.12 -14.97 22.45

Competitive Comparison of Iris Energy's Pretax Margin %

For the Capital Markets subindustry, Iris Energy's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Iris Energy's Pretax Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Iris Energy's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Iris Energy's Pretax Margin % falls into.



Iris Energy Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Iris Energy's Pretax Margin for the fiscal year that ended in Jun. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Jun. 2023 )/Revenue (A: Jun. 2023 )
=-169.481/75.509
=-224.45 %

Iris Energy's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=12.111/53.95
=22.45 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Iris Energy  (NAS:IREN) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Iris Energy Pretax Margin % Related Terms

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Iris Energy (Iris Energy) Business Description

Traded in Other Exchanges
Address
44 Market Street, Level 12, Sydney, NSW, AUS, 2000
Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.